Oxford Economics

Latest Global Outlook - May / June 2021

We have raised our global economic forecasts again this month and maintain a relatively upbeat outlook about the pace of the economic recovery. We now expect world GDP to grow 6.3% this year and 4.6% in 2022, 0.2pp and 0.4pp higher than we were projecting a month ago.

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CORONAVIRUS: Time for a re-think on inflation?...                 WORLD POST COVID: Quantitative Easing - Time heals all wounds (hopefully)...                GLOBAL SCENARIO REPORT: Inflation Returns...                 BREXIT: Assessing the economic implications...
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Latest Analysis

  • May 10 2021

    Coronavirus Watch: Why rising inflation isn’t alarming

    Higher headline and core inflation in advanced economies is on the way in H2 as a result of factors including rising commodity prices and supply-chain problems. But notions that pressures like this ha...

  • May 10 2021

    Europe: Nordic resilience should power quick recovery

    Many of the factors behind the outperformance of the Nordic economies in 2020 are supporting the region’s firm recovery in 2021. Last year, eurozone GDP fell 6.8%, while average GDP for Sweden, Norway...

  • May 10 2021

    MENA: Is the GCC facing up to its climate change quandary?

    Climate change is an increasingly important issue in the GCC region and is receiving a sharper focus in growth and diversification plans in countries such as Saudi Arabia and the UAE. The region has s...

  • May 10 2021

    Coronavirus Watch: When the chips are down

    A global shortage of semiconductors is the latest hiccup to disturb international supply-chains. In our view, though, the shortage is largely a product of strong demand, reflecting the buoyant state o...

  • May 10 2021

    China: Interest rates to rise mildly amid evolving framework

    China’s interest rate arrangement is still undergoing reform, as part of broader changes aimed at gradually raising the role of interest rates in financial markets and monetary policy. But even amid t...

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Key Themes for 2021

Learn more about our predictions for the key threats and opportunities for the global economy in 2021.

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